Thursday, December 16, 2010

Today both TD and RBC released provincial economic studies pointing to hot growth in Alberta, Saskatchewan and Newfoundland. Most notably, RBC sees Alberta's real GDP growth of 3.4 per cent this year, jumping to 4.3 per cent in 2011 - the fastest growth in the province since 2006. That would be second only to Saskatchewan's 5.3 per cent. TD goes on to say that Alberta will be the leading province by 2012.

In terms of jobs though, Alberta's got it made for the next few years - fuelled primarily by the province's energy sector. A 2.7% increase in jobs is predicted for 2011 - when put in contrast to 2010's paltry 0.5% increase this is good news for Albertans.